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Article: Digital Video Systems to Withdraw Class A Warrant Redemption and Voluntary Exercise Offer.
- Article from:
- Business Wire
- Article date:
- July 25, 1996
CopyrightCOPYRIGHT 1996 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SANTA CLARA, Calif.--(BUSINESS WIRE)--July 25, 1996--Digital Video Systems Inc. (DVS) (NASDAQ: DVID) reported today that it was withdrawing, effective immediately, its previously announced call for redemption of the company's Class A Warrants and its offer to permit holders of these Warrants to exercise them upon revised terms prior to the date of redemption.
DVS said its decision was based upon current adverse stock market conditions. As a result of the company's withdrawal of the call for redemption and revised exercise offer, the company's Class A Warrants will continue to be exercisable under their original terms, which provide for the issuance of one share of ...